7 Things That Increase Your Car Insurance Rate
Car Brand and Model
The kind of vehicle you drive affects how much insurance will cost. Because they are more expensive to fix or replace, cars with higher sticker values and more high-end equipment cost more to insure. When a luxury vehicle is involved in an accident, repairs typically require specialized parts that can be challenging to find. A cheaper, lower-risk vehicle for insurance is one that can frequently be repaired with parts that are simpler for repair shops to locate.
Depending on the age of the vehicle, insurance premiums can vary even between vehicles of the same make and model. Older cars often cost less to insure than modern ones (until they become antiques).
